VanEck BDC Income ETF (NYSEARCA:BIZD) Sets New 1-Year Low – Should You Sell?

VanEck BDC Income ETF (NYSEARCA:BIZD) reached a new 52-week low during mid-day trading on Saturday . The stock traded as low as $14.83 and last traded at $14.89, with a volume of 4500552 shares traded. The stock had previously closed at $16.08.

VanEck BDC Income ETF Stock Performance

The firm’s 50-day simple moving average is $17.07 and its 200-day simple moving average is $16.74. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 9.80 and a beta of 0.85.

Institutional Trading of VanEck BDC Income ETF

A number of hedge funds have recently modified their holdings of the company. Bleakley Financial Group LLC boosted its position in shares of VanEck BDC Income ETF by 2.9% during the 4th quarter. Bleakley Financial Group LLC now owns 20,941 shares of the company’s stock valued at $348,000 after acquiring an additional 587 shares in the last quarter. Atria Wealth Solutions Inc. lifted its stake in VanEck BDC Income ETF by 0.8% during the fourth quarter. Atria Wealth Solutions Inc. now owns 86,313 shares of the company’s stock worth $1,435,000 after purchasing an additional 707 shares during the period. CoreCap Advisors LLC boosted its holdings in VanEck BDC Income ETF by 28.9% during the fourth quarter. CoreCap Advisors LLC now owns 3,222 shares of the company’s stock valued at $54,000 after purchasing an additional 722 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in shares of VanEck BDC Income ETF by 1.7% in the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 42,710 shares of the company’s stock valued at $710,000 after purchasing an additional 724 shares during the period. Finally, MGB Wealth Management LLC raised its holdings in shares of VanEck BDC Income ETF by 11.0% in the 4th quarter. MGB Wealth Management LLC now owns 7,493 shares of the company’s stock worth $125,000 after buying an additional 743 shares in the last quarter.

VanEck BDC Income ETF Company Profile

The VanEck BDC Income ETF (BIZD) is an exchange-traded fund that mostly invests in financials equity. The fund tracks a market cap-weighted index of US BDC companies whose principal business is to invest in, lend capital to, or provide services to privately held companies. BIZD was launched on Feb 12, 2013 and is managed by VanEck.